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General Government deficit 37 billions in 2013 Featured

General Government deficit 37 billions in 2013

In 2013, the financial balance of the general government was 37.1 billion ISK in deficit or 2.1% of GDP, which can be compared with a deficit of 3.8% of GDP for 2012. The reduced deficit in 2013 can be explained by 6.6% increase in revenue and 2.6% increase in expenditure. 

The general government total revenue amounted to 44.2% of GDP in 2013, compared with 43.6% in 2012 and 41.8% in 2010. The general government total expenditure amounted to 46.3% of GDP in 2013 compared with 47.4% in 2012.

Source: Statistics Iceland

 

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